You can get information on KCA at their website..
kastenchase.com
This is their latest news release..
Kasten Chase Applied Research Ltd -
Kasten Chase to launch KastenNet Trading Access
Kasten Chase Applied Research Ltd KCA
Shares issued 39,084,687 2000-01-26 close $0.95
Thursday Jan 27 2000
Ms. Barbara Howard reports
KastenNet Trading Access (KTA) will be launched on Feb. 1, 2000, at the Toronto Stock Exchange (TSE) STAMP Technology Exhibit. KastenNet Trading Access, part of the KastenNet service bureau, provides trading and market information over secure, reliable, low-cost network access to the TSE's trading system via the STAMP protocol. STAMP is the Securities Trading Access Message Protocol used by Canadian exchanges.
As of Sept. 1, 2000, the only access to the TSE would be through STAMP-compliant devices. Kasten Chase is the sole supplier of PC CATS Workstations and CATS Gateways used to access the TSE's Computer Assisted Trading System (CATS). KastenNet Trading Access allows CATS users convenient migration to STAMP-compliant access to the TSE trading system.
The KTA Workstation has the look and feel of PC CATS with the addition of advanced features such as double-click, registered trader functionality, expanded stock watch features and MarketBook. All TSE market inquiries including market by order and market by price will be generated from the TSE's Toronto broadcast feed. Order log and other order-related inquiries will also be provided.
The STAMP-compliant Gateway, licensed exclusively to Kasten Chase, was developed by Interactive Transaction Systems (ITS) and has been certified by the TSE. KTA will be run on KastenNet where Kasten Chase manages the facilities and the redundant communications to the TSE. Application programming interfaces (APIs) will also be provided so those firms that wish to can generate orders directly to the gateway. Connectivity to other exchanges will be implemented over the next several months.
"The initial reaction from the street has been extremely positive," said Barbara Howard, director of financial sales at Kasten Chase. "We have designed KTA with the breadth of functionality required to meet the needs of the entire brokerage community. The availability of KTA through the KastenNet service bureau appeals to the small- to medium-size firms, while larger firms will license the technology to run on-site."
"KTA is powered by VersaPath and is part of the KastenNet service," added Dave Mulder, vice-president and chief technology officer. "VersaPath provides the encryption, authentication, centralized user management, automated backup and broadcast management required to provide security and reliability for the KTA application."
KTA is part of a family of products and services that Kasten Chase will be introducing for both professional and non-professional traders in the months ahead. These include KTA Order Management System (OMS), KTA Analytical Workstation and KTA Omni Manager.
Pricing and availability
KTA will be available for beta testing March 1, 2000, and production in April for as low as $350 per month per user. Site licences will also be available.
About KastenNet
KastenNet, a service bureau, is a managed network providing the financial community access to a suite of trading and related services. Through KastenNet, traders have access to STAMP-compliant trading systems, MarketBook displays, order management, analytical and supervisory applications and back office systems. KastenNet allows the financial community the ability to outsource, at dramatically reduced costs, the infrastructure required to ensure fast, secure and reliable transactions.
KastenNet . . . powered by VersaPath
VersaPath enables businesses to access existing host-centric applications to securely conduct business transactions over Internet protocol (IP). VersaPath e-business solutions serve as a highly secure, cost-effective and comprehensive bridge between host-centric software applications and the Internet. VersaPath includes the data security solutions required to do business on the Internet. End-to-end encryption and strong authentication ensure the protection and integrity of competitive, mission critical and business sensitive data in an e-business environment.
About Integrated Transaction Systems
Integrated Transaction Systems Limited (ITS) is a Canadian-owned and Canadian-operated company providing software and services to the financial and brokerage community. ITS has extensive experience in trading system development and has created a set of innovative trading system products, including the TSE-certified STAMP gateway licensed to Kasten Chase. In addition to software development, ITS provides consulting services for the financial and e-commerce marketplace.
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I'm also interested in this company, but won't consider buying until I can see some clear uptrend for the share price...if it should turn down, it's a long way to the bottom...
gyp |
